Contrary to what might be intuitively assumed, december is not a month particularly inflationary🇧🇷 In between 2002 y 2021the CPI rose from average 2.1% in the last 31 days of the year, slightly under of the increase monthly average of the prices registered in the same period (2,3%), according to data from the National Statistics Institute (INE). The average hike compared to November (0.11%) it was also lower than the overall month-on-month change in those two decades (0,19%). However, there is some products and services who tend to become more expensive usually in December, the majority linked to the Christmas holidays.
This is verified by consulting the data of the last four decembers despite the fact that the circumstances were very different: two years of increase (2018 and 2019), one of strong recession caused by the covid (2020) and another of recovery weighed down by the incipient inflationary spiral (2021). In all of them, despite these differences, they rose very strongly prices Touristic (10% MoM on average), but also the fish (3.6%) and the carne (0.65%, in particular that of sheep: 3.6%). The increase in prices of the electricitythe restorationlas legumes and vegetablesand the transport and the fuels.
Everything indicates that something similar will happen this year. According to a recent study by the Organization of Consumers and Users (OCU), the prices of typical food products of the Christmas dates are this year a 5.2% higher that the past. The association follows since 2015 the cost of 15 foods characteristic of these festivities in ten cities. “The rises predominate and are important in meat and seafoodare somewhat softer in fishbut this year the strong increases in vegetableswhich usually have a stable price,” the organization pointed out.
The increases, thus, affect 11 of these 15 products. The highest rise is Lombard (32%), followed by the hake (16%), the of them (14%), the round of vealthe piña and the barnacles Galicians (13%), and the prawns (eleven%). On a lower step, appear the lubina (6%), the sea bream (3%), las clams (2%) and the cordero suckling (1%). Thus, lamb basically maintained its price, but after rising 22% last year. On the contrary, they have lowered the angles (23%) and the oysters (17%), in addition to ham Iberian bait (4%) and the in scales (1%).
Second most expensive dinner
Furthermore, it must be taken into account that the Spanish families are the ones that pay one of the typical Christmas dinners most expensive in the world This is clear from a study of the social investment network eToro, which has analyzed the prices between November 21 and 24 in supermarkets in 12 countries on three continents. The traditional dish of turkey with garnish it cost on average for a household of four people in Spain 60,9 eurosand 15.4% more than a year earlier, only behind the garnished goose in Germany (66.7 euros, 17.7% more). At the opposite extreme, the sarmale with mamaliga Romanian (minced pork and beef) and its toppings – including pickled cabbage and the cornmeal porridge – would cost a family 25.87 euros, 12.7% more.
“Families around the world are feeling the impact of the prices of the foodswhich this year have risen well above the already elevated inflation, and our global study shows the effect this will have on Christmas dinners,” explained Ben Laidler, global markets strategist at eToro, in a note. Food, thus, has become 17.2% more expensive in the EU and a 15.4% in Spain in one year. “Traditional dishes from bird meatwhether goose or turkey, increase the cost of Christmas dinners, as prices are impacted by recent sacrifices Due to the bird flu in all Europe. This is likely to boost demand for sources of cheaper protein this Christmas,” Laidler maintained.
What is less common is the rise that they register shopping cart basics ranging from oils other than olive oil, such as sunflower, with a rise of 58.9% in one year to October (latest data available), milk (25.6%), eggs (25.5%) , potatoes (19%), olive oil (15.7%) or bread (14.9%) for the increase in production costslinked to energy, transport, fertilizers or feed.